Benjamin Edwards Inc. Sells 3,146 Shares of Honeywell International Inc. (NASDAQ:HON)

Key Points

• Benjamin Edwards Inc. reduced its holdings in Honeywell International by 10.4%, selling 3,146 shares in the first quarter, leaving it with 27,106 shares valued at $5,740,000.
• Several institutional investors, including Kirtland Hills Capital Management LLC and Sound View Wealth Advisors Group LLC, adjusted their positions in Honeywell by increasing their holdings during the same period.
• Honeywell International's stock has a consensus rating of "Moderate Buy", with upgraded price targets from various analysts, reflecting positive outlooks on its financial performance.

Benjamin Edwards Inc. cut its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 10.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,106 shares of the conglomerate's stock after selling 3,146 shares during the quarter. Benjamin Edwards Inc.'s holdings in Honeywell International were worth $5,740,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in HON. Kirtland Hills Capital Management LLC boosted its position in Honeywell International by 1.1% during the first quarter. Kirtland Hills Capital Management LLC now owns 4,424 shares of the conglomerate's stock worth $870,000 after purchasing an additional 48 shares during the period. Sound View Wealth Advisors Group LLC boosted its position in Honeywell International by 0.6% during the first quarter. Sound View Wealth Advisors Group LLC now owns 8,769 shares of the conglomerate's stock worth $1,857,000 after purchasing an additional 48 shares during the period. Gateway Wealth Partners LLC boosted its position in Honeywell International by 2.5% during the first quarter. Gateway Wealth Partners LLC now owns 2,044 shares of the conglomerate's stock worth $433,000 after purchasing an additional 49 shares during the period. Cetera Trust Company N.A boosted its position in Honeywell International by 0.5% during the first quarter. Cetera Trust Company N.A now owns 10,475 shares of the conglomerate's stock worth $2,218,000 after purchasing an additional 50 shares during the period. Finally, Mowery & Schoenfeld Wealth Management LLC boosted its position in Honeywell International by 12.0% during the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 466 shares of the conglomerate's stock worth $99,000 after purchasing an additional 50 shares during the period. 75.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on HON shares. Bank of America raised shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective for the company in a research report on Wednesday, May 7th. Mizuho lifted their price objective on shares of Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. JPMorgan Chase & Co. lifted their price objective on shares of Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Morgan Stanley lifted their target price on Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a report on Monday, July 28th. Finally, Citigroup lifted their target price on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Honeywell International presently has an average rating of "Moderate Buy" and a consensus target price of $254.00.

Honeywell International Stock Down 0.1%

HON stock opened at $216.33 on Monday. The company has a market cap of $137.35 billion, a PE ratio of 24.61, a price-to-earnings-growth ratio of 2.44 and a beta of 1.08. The business has a 50-day simple moving average of $228.66 and a 200 day simple moving average of $216.85. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. The business had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.01 billion. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%. Honeywell International's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.49 earnings per share. Sell-side analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Friday, August 15th. Honeywell International's payout ratio is 51.42%.

About Honeywell International

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company's Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.

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